Boaz Weinstein, Founder and CIO of Saba Capital Management, addressed the 2025 Sohn London Conference, highlighting what he termed a structural misalignment causing assets to trade at observed discounts to their net asset value (NAV). Saba Capital, a New York-based fund focused on credit relative value, was founded in 2009 and today focuses on closed-end funds (CEFs) trading at large discounts to NAV.
Also see:
- 2025 Sohn San Francisco Conference
- 2025 Delivering Alpha Conference
- 2024 Sohn London Investment Conference
- 2025 ETFGI Global ETFs Insights Summit
2025 Sohn London Conference: Saba Capital’s Boaz Weinstein
Weinstein argued that at a time of high market valuations - citing the "Mag 7" or corporate credit spreads being out of whack, investors should be holding assets at an actual, observed discount, rather than relying on theoretical modeling. He stated, parenthetically, that he believes almost all investors are under-invested in discounted funds.
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